Reading Theme:
Online Banking: Definition, Examples & Usage
Meaning 1：internet banking (online banking)
online banking
/ˈɑːnlaɪn ˈbæŋkɪŋ/
n.
Using the internet to do banking activities, like transferring money or checking your account balance, from anywhere with an internet connection.
internet banking
➕
/ˈɪntərnet ˈbæŋkɪŋ/
n.
The practice of conducting banking transactions via the internet, such as transferring funds, paying bills, and managing accounts.
📘 Details & Usage
📖 Root Explanation
Online (connected via internet) + banking (financial transactions).
💡 Mnemonic
Imagine clicking a mouse to move money – online banking is that simple.
📖 Example
Online banking allows me to quickly send money to my family without leaving the house.
Online banking allows me to quickly send money to my family without leaving the house.
🔗 Collocations
use online banking – to utilize internet-based banking services
access online banking – to log into and use internet banking platforms
set up online banking – to register and enable internet banking for an account
🔄 Synonyms
internet banking (n.) – banking services conducted over the internet
digital banking (n.) – banking services delivered through digital channels
e-banking (n.) – electronic banking, synonym for online banking
🚫 Antonyms
traditional banking (n.) – banking conducted in physical branches
branch banking (n.) – banking services provided at a physical bank location
in-person banking (n.) – banking transactions done face-to-face with a teller
🌱 Derivatives
online banking platform (n.) – the software system used for internet banking
online banking security (n.) – measures to protect internet banking transactions
online banking app (n.) – a mobile application for internet banking
📖 Cultural Story
The term emerged in the 1990s as banks launched web portals, revolutionizing personal finance by enabling 24/7 account access from anywhere.
Wordbook
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